Financials Phoenix Silicon International Corporation

Equities

8028

TW0008028002

Semiconductors

End-of-day quote Taiwan S.E. 18:00:00 2024-05-16 EDT 5-day change 1st Jan Change
58.8 TWD +9.91% Intraday chart for Phoenix Silicon International Corporation +11.79% +12.86%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,164 9,798 7,772 8,183 8,593 8,994
Enterprise Value (EV) 1 4,843 10,232 8,891 10,301 12,352 12,111
P/E ratio 21.1 x 30 x 58.6 x 36.7 x 27.3 x 26.1 x
Yield 4.1% 2.7% 1.02% 1.37% 3.2% -
Capitalization / Revenue 2.43 x 3.7 x 3.18 x 3.09 x 2.74 x 2.7 x
EV / Revenue 2.28 x 3.86 x 3.64 x 3.89 x 3.94 x 3.64 x
EV / EBITDA 7.57 x 12.7 x 16 x 13.2 x 13.8 x 11.8 x
EV / FCF 29.1 x -23.9 x -17.7 x -11.9 x -6.52 x -28.2 x
FCF Yield 3.44% -4.19% -5.64% -8.38% -15.3% -3.55%
Price to Book 2.36 x 4.02 x 3.37 x 3.25 x 2.87 x 2.29 x
Nbr of stocks (in thousands) 148,774 148,774 148,774 148,774 152,628 172,628
Reference price 2 34.71 65.86 52.24 55.00 56.30 52.10
Announcement Date 2/27/19 2/27/20 2/25/21 2/24/22 2/24/23 2/26/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,122 2,649 2,442 2,651 3,138 3,328
EBITDA 1 639.7 802.8 554.8 782.5 897.4 1,028
EBIT 1 299.5 430.9 75.89 232.6 308 229.4
Operating Margin 14.12% 16.26% 3.11% 8.77% 9.81% 6.89%
Earnings before Tax (EBT) 1 276.1 416.3 94.18 262.4 372.7 350
Net income 1 232.6 332.1 134.6 235.7 325.3 312
Net margin 10.96% 12.54% 5.51% 8.89% 10.36% 9.38%
EPS 2 1.646 2.194 0.8912 1.500 2.061 2.000
Free Cash Flow 1 166.5 -428.9 -501.6 -863.7 -1,895 -429.4
FCF margin 7.85% -16.19% -20.54% -32.57% -60.39% -12.9%
FCF Conversion (EBITDA) 26.03% - - - - -
FCF Conversion (Net income) 71.59% - - - - -
Dividend per Share 2 1.424 1.780 0.5340 0.7547 1.800 -
Announcement Date 2/27/19 2/27/20 2/25/21 2/24/22 2/24/23 2/26/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 434 1,119 2,119 3,759 3,117
Net Cash position 1 321 - - - - -
Leverage (Debt/EBITDA) - 0.5407 x 2.017 x 2.708 x 4.188 x 3.031 x
Free Cash Flow 1 167 -429 -502 -864 -1,895 -429
ROE (net income / shareholders' equity) 10.4% 13.5% 4.82% 10.5% 11.8% 9.01%
ROA (Net income/ Total Assets) 6.1% 6.18% 0.9% 2.54% 2.58% 1.61%
Assets 1 3,815 5,375 14,937 9,283 12,611 19,347
Book Value Per Share 2 14.70 16.40 15.50 16.90 19.60 22.80
Cash Flow per Share 2 5.810 12.20 7.670 7.270 7.010 8.990
Capex 1 369 1,097 913 1,629 2,601 914
Capex / Sales 17.4% 41.4% 37.4% 61.44% 82.9% 27.48%
Announcement Date 2/27/19 2/27/20 2/25/21 2/24/22 2/24/23 2/26/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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